Dallas’ own real estate fate is still hazy, but the nationwide bubble burst has put the hurt on locally based homebuilders. For the first time in 28 years, Fort Worth-based D.R. Horton reported a year-to-year quarterly profit loss, when earnings for their third quarter, ending June 30, fell 21 percent short of last year’s numbers ($292.8 million down from $371.7 million). Similarly, Dallas-based Centex’s profits for their fiscal first quarter, also ending June 30, fell 31 percent ($160.3 million down from $233.7 million in 2005), hurt by a 21 percent slip in home orders. A look at the recent numbers:
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